Growth in Rich Listers’ wealth defies global slump
Proof, if it was needed, that the country is sailing out of the economic doldrums comes with today’s NBR Rich List for 2011.
The combined wealth of its 151 entrants has climbed a pleasing $7 billion from last year to sit at $45.2 billion, the highest ever.
As NBR marks 25 years of the Rich List, the wealth creators we celebrate today are doing well and that’s vital for a successful New Zealand future.
Alongside the established old family money and commercial risk takers of recent years, we are pleased to recognise new faces.
This is further evidence of the trend in New Zealand to buck global economic despondency and fiscal naysayers.
Alongside their evident talent at wealth creation, the NBR Rich Listers this year spoke out about their views on New Zealand and what the country needs.
There is a renewed feeling of optimism and a strengthened will to succeed.
“Just get stuck in – you may fail, but what the hell, you won’t succeed if you don’t try,” Todd family scion John Todd told NBR. His family is number three on this year’s list with a valuation of $2.7 billion.
Sir Robert Jones, who is 15th equal on the list, with an increased valuation of $400 million in 2011, is optimistic about New Zealand’s future.
“Compared to most countries, we’re in pretty good shape. There’s a tendency to look toward the downside but I think we’re sober, sensible sort of people who are sensibly plodding on. I’ve been to over 160 countries and we’re pretty good compared to most,” the property investor told NBR.
Sitting pretty in pole position is the highly private but astute international player Graeme Hart who saw his personal wealth climb to $6.5 billion in 2011. Of the 151 entrants on the NBR Rich List in 2011, 99 are men, four women, seven pairs and 41 are families.
Newly available information has seen a number of new people join the list; including the Fulton and Hogan families, Datacom chairman John Holdsworth, founder and chief executive of Les Mills International Philip Mills and wife Jackie, along with Mainfreight co-founder Neil Graham.
The full list can be v